The Parker Review target for the FTSE100 to have at least one board director from an ethnic minority background by the end of 2021 has largely been achieved; 89 of the FTSE100 had ethnic representation on their board at the end of last year, with five more appointments made at the start of this year. Three more boards are currently in advanced stages of negotiations to appoint a director who is from an ethnic minority background.
We celebrate the progress that’s been made in the five years since the Parker Review was launched in 2017, when over half of the FTSE100 had no ethnic representation on their boards at all.
The Change the Race Ratio campaign, founded by Lord Karan Bilimoria, exists to help businesses to accelerate their ethnic and racial diversity, and in doing so reach their Parker targets. The campaign has four commitments to change. They are to set targets in increase racial and ethnic representation among Board members, set targets to increase racial and ethnic representation at Exco and Exco minus 1, commit to publishing ethnicity pay gaps within two years of joining the campaign and creating an inclusive culture in which talent from all diversities can thrive.
And we’re proud to say that of the over 100 signatories who have signed up to Change the Race Ratio, 100% of our FTSE100 signatories now have at least one ethnic minority director on their boards.
Signatories to the campaign work together to share best practice, to create more inclusive cultures, build more diverse leadership teams and enhance transparency to track progress. New initiatives are coming online this year to support our signatories; a cross company development programme, board fellowship programme and a diversity data benchmarking platform will all help signatories achieve our four commitments.
We celebrate the progress highlighted in th
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